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U.S. Auto Sales Surge in November
As Japan, Europe Gain Market Share

By

Fara Warner and

Joseph B. WhiteStaff Reporters of The Wall Street Journal

Updated Dec. 2, 1999 12:01 a.m. ET

DETROIT -- U.S. auto sales continued to surge in November with European and Japanese auto makers showing big sales increases even as General Motors Corp. and DaimlerChrysler AG added discounts on key products.

GM, which reported flat sales for November, said it is offering for the first time discounted financing rates as low as 3.9% on its 2000 model Silverado large pickups, a move top company executives had hoped to avoid. The low financing rates expire Jan. 3, GM said. GM's large pickups, redesigned only last year, are crucial...